© Redefine Meat

Israel’s Redefine Meat Raises $135M for Worldwide Expansion

Redefine Meat, famed for its 3D-printed plant-based whole cuts, has completed a $135 million financing round – one of the largest financing rounds seen by an alt meat company in Israel.  “Redefine Meat is working intensively to realize the vision of building a large worldwide meat company by using advanced technology and not animals” After recently launching the “world’s first” high-end plant-based whole cuts, Redefine Meat will use the fresh funds to set up production lines in both Israel and the Netherlands. The 3D-printed meat innovator will also expand its collaborations with restaurant chains around the globe. Founded in 2018, the latest round now brings Redefine Meat’s total funding raised to $180 million. Redefine’s offerings can currently be found on menus in over 200 restaurants …

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Omni founders, Image courtesy of ProVeg

Omni founders, Image courtesy of ProVeg

Vegan Dog Food Company Omni Raises £1.1M to Launch Functional Plant-Based Treats

UK plant-based dog food company omni has raised £1.1 million in a funding round, with investors including ProVeg International, Trellis Road, Purple Orange Ventures, Shiocap, and Kale United. The company will use the funding to launch a new lineup of plant-based dog treats that will target specific health conditions — such as skin issues, joint problems, and anxiety. Omni soft-launched in May of last year, shortly after joining the sixth cohort of the ProVeg Incubator. Since then, the dog food company has seen an average monthly growth rate of 55%. Nutritionally complete food “The sad truth is that one in four dogs in the UK will get cancer and one in two suffer from obesity,” Omni co-founder Dr. Guy Sandelowsky told vegconomist in an interview. …

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©Sol Foods

PlantPlus Foods Closes CA$125 Million Deal to Acquire Canada’s Sol Cuisine

PlantPlus Foods has completed a CA$125 million (about $100 million) agreement to acquire Sol Cuisine, a Canadian plant-based food producer. The move to purchase Sol Cuisine was first announced in November 2021.  The transaction marks the second time PlantPlus Foods has acquired a plant-based brand. Two months ago, PlantPlus – a joint venture by food manufacturers Archer Midlands Daniel Co. and Marfrig – also purchased Eat Drink Well LLC, the parent company of Hilary’s Best plant-based line.  According to Forbes, PlantPlus expects the acquisitions to help it quickly expand its presence across the Americas. The company plans to use Marfrig’s established distribution for meat alternatives in South America, especially Brazil, to introduce Sol Cuisine’s products to a new regional market.  Serving demand for plant protein …

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Mamamade Raspberry Plant-Based Meal

©Mamamade

Mamamade Raises £1.5 Million in Record-Setting Pre-Seed Round for Healthy Baby Food

Mamamade, a UK brand specializing in plant-based infant and toddler nutrition, announces the successful closing of a record-setting investment round, bringing the company’s total pre-seed raise to £1.5 million.  The company received funding from an oversubscribed raise on crowdfunding site Seedrs, as well as investment from an array of executives and founders at Allplants, Made.com, Heals, Design my Night, Bulb and Xexec.  Founded in London by Sophie and Ian Baron, Mamamade was initially launched from the couple’s home kitchen. Since then, the brand has quickly expanded to nationwide delivery and is expected to record annual revenue of £10 million next year.  Building better baby food Mamamade delivers fresh, nutrient-dense meals for babies and toddlers directly to consumers. Designed by top nutritionists and chefs, all of …

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La Vie vegan bacon burger

©La Vie Foods

La Vie Raises €25M in Series A From Angels Including Natalie Portman & Oatly Chairman

French startup La Vie, which specialises in the production of plant-based alternatives to traditionally pork-based products such as bacon or lardons, announced this morning a record €25 million Series A funding round. The startup announced on socials: “So proud to announce a record fundraising of 25 million Euros in a Series A round. This funding will allow us to expand at lightning speed in France, the UK and Europe. Also, it will accelerate our innovation program to bring even more yummy products to consumers.  “A big thank you to our amazing investors Seventures (lead), Partech, Oyster Bay, Capagro, Entrepreneur First & Bleu Capital. Lots of love to our business angels who committed to the issue of food transition: Natalie Portman, Actress, Producer and Director; Thibaud …

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©Yumi

Yumi Baby Food Reveals It Raised $67 M Entirely From Woman Investors

Yumi, makers of organic plant-based baby food, says the brand’s recent $67 million Series B funding round was led entirely by female investors and women-led firms, according to Food Business News.  As part of the raise, Yumi structured the investment as an SPV (special purpose vehicle) to allow more than 70 woman investors to purchase shares at a 20% discount. Notable participants included Goldman Sachs executive Christina Minnis, City National Bank CEO Kelly Coffey, Day One Ventures founder Masha Drokova, and Nasdaq executive Lauren Dillard. Spotlighting social equality The investment round was introduced to draw attention to persistent gender inequality issues within venture capitalism and equity finance, says Yumi. According to the Pew Research Center, women in the US earned only 84% of what men earned …

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©VFC

Vegan Fried Chick*n Brand VFC Raises $10.3M, Plans “Fast-Paced” US Growth

UK based vegan fried chick*n startup VFC Foods Ltd, launched by Veganuary founder Matthew Glover just 13 months ago, has secured £7.5m ($10.3m) in a seed round led by Veg Capital, and plans extensive growth into US and international markets.  The fresh funds will be used by the social media star to support greater capacity, team building, marketing, R&D and upscaling of the business in international markets, following a massively successful 2021 that saw growth into mainland Europe and mainstream retail expansion into the UK’s biggest supermarket Tesco.  “Huge interest from investors” Veg Capital, which also invested in VFC’s earlier seed round in March of last year, is an ethical fund which donates all profits to animal charities and provides early-stage capital to companies working …

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Plant-Ex Invests £1.25M to Grow Natural Colours and Flavours Business

© Plant-Ex

Plant-Ex Invests £1.25M to Grow Natural Colours and Flavours Business

Plant-Ex, a UK manufacturer of plant-derived natural colours and flavours, is investing €1.5 million (£1.25 million) into its business. The investment is intended to improve the services the company provides and increase customer satisfaction. Founded in 2010, Plant-Ex has rapidly expanded from one employee to over 80 and is now active in 49 countries. Last year, the company added a new 18,000 square foot building at its main site in Avonmouth, containing four NPD laboratories for Natural Colours, Top Note Flavours, Extracts, and Food Protection Systems. The building also contains a Development Kitchen. Additionally, Plant-Ex has doubled the size of its production site and finished goods dispatch warehouse, making it better able to meet rising demand. A global player Last year, Plant-Ex added to its …

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Aurapea chickpea meat in pan

©AuraPea

AuraPea Raises $1.5M For Chickpea-Based Meat, Plans Expansion Into Europe & Asia

AuraPea is a new Richmond, VA  company pioneering clean-ingredient alternative meats using the brand’s novel chickpea base, known as Auratein.  Founded by Ben Pasternak in early 2021, AuraPea succeeded in raising $1.5 million from investors to lead a “new frontier” of food innovation in Richmond and the Mid-Atlantic region, according to the Washington Business Journal.  Free of common fillers  Unlike most plant-based meats on the market, AuraPea completely excludes the use of fillers and emulsifiers, such as methlycellulose, to bind plant proteins together. Instead, as Pasternak explains, AuraPea utilizes a patented process that transforms chickpea’s protein while fully maintaining its binding structure and capabilities. This preservation of functionality, Pasternak says, allows the protein to naturally bind without the use of added fillers.  AuraPea’s product line …

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Starfield Master Pastrami Beef2

©Starfield

Starfield Closes US$100M in Series B, Announces First Self-Built Factory in Xiaogan, Hubei

Chinese plant-based protein food technology company Starfield this Tuesday announced the completion of a US$100 million Series B financing round. The company also announced that its first production base and self-built factory will be located in Xiaogan, Hubei. This round is the fifth round of funding for Starfield since its foundation in 2019, reflecting the rapid development of the plant-based protein food technology sector in China. In 2020, Starfield completed a Series A round, bringing its total funding to over $10 million and making it the fastest-growing plant-based brand in China. Vegan Beef for the Chinese market Starfield has created a product called Master Black Pepper Plant-based Beef with whole meat texture, which is reportedly close in taste and texture to beef pastrami, at a …

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MycoWorks Raises $125 Million to Mass Produce Mushroom Leather

©MycoWorks

MycoWorks Raises $125M in Series C to Mass Produce Mushroom Leather

MycoWorks, a San Francisco-based biomaterials company, announces the startup has raised $125 million to open a full-scale mushroom leather production plant.  MycoWorks’ Fine Mycelium is a proprietary biotechnology platform that transforms mycelium – the underground root structure of fungi – into materials that rival animal-based leathers in look, feel, aesthetics and performance. The Fine Mycelium process can engineer mycelium to grow made-to-specification fabrics, including its flagship product Reishi, in a fully controlled and uniform process. Surpassing milestones Based in Union County, SC, MycoWorks’ new facility is modeled on the company’s semi-automated plant in Emeryville, SC, which successfully achieved high production yields within target costs and surpassed a production milestone of 10,000 trays in one year. The new facility is scheduled to begin operating within a …

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remilk cheese

©Remilk

Dairy-Identical Protein Producer Remilk Raises $120 Million in Oversubscribed Round

Remilk raises $120 million as part of its mission to “reimagine the dairy industry”. Israeli startup Remilk, which is developing cultivated milk proteins without the cow, has raised $120 million in an oversubscribed Series B funding round. The round was led by Hanaco Ventures, with participation from Precision Capital, Rage Capital, CPT Capital, and more. Remilk says it will use the funding to scale production of its dairy-identical proteins, so that manufacturers can begin using them in products such as cheese and ice cream. Remilk produces its animal-free proteins using a scalable yeast-based fermentation process. According to the company, the process requires just 1% of the land, 4% of the greenhouse gas emissions, and 5% of the water of producing the equivalent dairy proteins. “Liberating …

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Cauldron Foods founder

©Cauldron Foods

Cauldron Foods Goes Carbon Neutral Across Full Range Following £3M Investment

As part of a £3 million investment and a full packaging and brand relaunch, British heritage plant-based brand Cauldron Foods has announced its new carbon-neutral certification. According to the company, Cauldron will be the first UK meat-free brand to achieve carbon neutrality for its entire range of products from January 2022. Working with ClimatePartner, Cauldron Foods is committing to several measures to avoid, reduce and offset emissions. The latter will be achieved via certified carbon offsetting projects to attain complete carbon neutral certified status. The move comes alongside a full packaging and range relaunch for the Monde Nissin-backed brand. Cauldron has also announced the renewal of its official sponsorship of Veganuary in 2022 with the brand having enjoyed a 2021 of continued success and growth. …

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Mr. & Mrs. Watson

© Mr. & Mrs. Watson

Dutch Vegan Cheese Producer and Restaurant Mr. & Mrs. Watson Raises €700,000

Dutch vegan food-tech company Mr. & Mrs. Watson has raised €700,000 in its seed funding round. The company is known for its selection of vegan cheeses, as well as its Amsterdam-based restaurant. Mr. & Mrs. Watson says it will use the funding to scale up its cheese facility, develop new products to be sold internationally, and further expand the brand. The company is currently developing a melting cheese to be launched in the first half of this year. The brand’s vegan cheese selection currently includes aged camembert, pepperjack, parmesan, goat’s cheese, and more. At the restaurant, customers can choose from dishes such as quiche, toasted sandwiches, soup, and tiramisu. Mr. & Mrs. Watson was founded in 2017 by best friends Aleid Koopal and Kirsi Rautiainen, …

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Revo Foods

© Revo Foods

Revo Foods Raises €1.5M for 3D Printed Seafood

Young Viennese startup Revo Foods recently announced the closing of its first financing round for more than EUR 1.5 million and aims to accelerate its market entry with 3D-printed plant-based seafood. Revo Foods, formerly Legendary Vish, specialises in the development of 3D-printed plant-based seafood alternatives and already presented its first product – Salmon With Attitude – at a tasting earlier this year. The company’s new investors include Hazelpond Capital, Eva Sommer, friends2grow, Jens Schumann and MKO Holdings, as well as the FFG Austrian Research Promotion Agency and the Vienna Business Agency. “We are excited to announce the closing of our first fundraising round of more than EUR 1.5 million and are thrilled to be working with fantastic strategic investors who will really accelerate our market …

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